$EWZ - SAFE HAVEN -
Added 2024-01-12 21:04:31 +0000 UTCBrazilian market ETF.
Very interesting development here.
On both the daily and weekly chart we can see a hold above the trend line now which is significant, both charts are attached.
Also above all moving averages on both charts too....so there is bullish indicators here now that support our count that this will start moving up to Wave 3 over the next 2 years to $70.
There is no rush to enter here but when the market in the US decides to turn, this is s safe option if it continues to hold outside of this trend line.
Comments
Thank you! I’ve been thinking about safe havens to invest in that move opposite of the market/spy. Oil seems to be one. Would love your thoughts on that.
Halcyon
2024-01-13 01:37:43 +0000 UTCGar $MELI +4% today too
TommyJR
2024-01-13 00:56:11 +0000 UTC
